Versapay plunges ahead with new C-suite team

The business-to-business accounts receivable player is weighing its strategic options as CEO Carey O’Connor Kolaja lines up her new management team.  

By Lynne Marek • July 11, 2024

The Clearing House’s RTP network logs Q2 records

The real-time payments system has been growing its roster of banks and credit unions, as it newly competes with the Federal Reserve’s FedNow service.

By Tatiana Walk-Morris • July 11, 2024

Explore the Trendline➔

Digital wallets proliferate as features advance

As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

By Payments Dive staff

Payroc preps for more acquisitions, envisions potential IPO

Fresh off its biggest acquisition ever, Payroc is pressing ahead with more acquisitions and preparations for a possible initial public offering.

By Lynne Marek • July 10, 2024

Target to stop accepting personal checks

The retailer’s customers will still have six payment options after the change takes effect in about a week.

By Nate Delesline III • July 10, 2024

Congress members egg on US payments system expansion

A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

By Lynne Marek • July 8, 2024

NCR Voyix terminates staff across several units

The tech company, whose tools are used by numerous stores, cut employees in its sales, engineering, professional services, data and product management teams last week.

By Brett Dworski • July 3, 2024

Payments industry to use AI to detect fraud, improve efficiency

Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

By Patrick Cooley • July 2, 2024

Chuck morphs into a new Alloy Labs-backed effort

Community banks partnered with Alloy Labs and Payrailz a few years ago on a project called Chuck, in a bid to rival Zelle, but that effort has been subsumed by a stealthy successor.

By Lynne Marek • June 27, 2024

Crypto firm Abra settles with 25 states for operating without a license

Abra agreed to repay customers some $82 million in crypto. CEO Bill Barhydt said all but $2 million, yet to be claimed, has been repaid.

By Gabrielle Saulsbery • June 27, 2024

Amex banks on spending at high-end restaurants

Analysts say American Express wants to cash in on the restaurant industry’s success and give customers admission to hard-to-access premium experiences.

By Patrick Cooley • June 26, 2024

Bank of America zeroes in on banking app innovation

The team behind the bank’s CashPro app aims to stay a step ahead of rivals, including with payment approval features.

By Caitlin Mullen • June 26, 2024

BNPL to shift toward larger-ticket expenses: CEO

The short-term financing option, which already costs more than cards for merchants, will eventually retreat from daily purchases, Priority Technology CEO Tom Priore predicted.

By James Pothen • June 25, 2024

Affirm may see payment volume bump from Apple Pay: Mizuho report

The partnership is estimated to represent a $12 billion opportunity for buy now, pay later provider Affirm, according to an analyst note last week.

By James Pothen • June 24, 2024

An optimal payment experience is the new essential for billers

Businesses that rely on recurring billing with legacy payment processes may be missing a crucial opportunity to generate return business.

June 24, 2024

PayPal fills CTO position with former Walmart exec

Former Walmart EVP Srini Venkatesan will replace Archie Deskus, who joined the payments firm in 2022.

By Roberto Torres • June 21, 2024

Faster payments catch on slowly: survey

About half of payments players surveyed recently by the U.S. Faster Payments Council said they have integrated faster payment technologies.

By Tatiana Walk-Morris • June 20, 2024

Affirm CFO doesn’t expect profits from its Apple tie soon

The company’s finance chief compared the rollout of its partnership with Apple to the launch of its own payment card, saying the company preferred a “very thoughtful and controlled” approach.

By James Pothen • June 18, 2024

Apple to drop its BNPL option in US

The tech giant said it will discontinue its buy now, pay later service and shift to offering consumers alternative payment options.

By Patrick Cooley , Lynne Marek • June 17, 2024

Shift4 acquires stake in German firm

Shift4 is on an acquisition spree after making a new investment in the point-of-sale supplier, and closing of a purchase announced earlier this year.

By Lynne Marek • June 17, 2024

Wise persists with reduced pricing approach

The fintech plans to continue its strategy of reducing prices for its customers, which is reflected in its forecast, interim CFO Kingsley Kemish said.

By Grace Noto • June 17, 2024

5 key steps to creating and executing on an embedded finance roadmap

By offering financial services tools and features, SaaS platforms can become stickier and more indispensable to SMBs.

June 17, 2024

Brex moves to single-CEO model

Pedro Franceschi will become sole chief executive, while co-founder Henrique Dubugras will move to board chair as the company aims to go public in 2025.

By Dan Ennis • June 14, 2024

Startup offers ‘credit-building’ debit cards for Gen Z

Startup Fizz is marketing itself as a company helping college students build credit and manage daily spending.

By Patrick Cooley • June 13, 2024

Apple adds BNPL offerings from rivals

The tech giant will allow installment plans from Affirm, as well from certain debit and credit cards, onto Apple Pay alongside its own BNPL service.

By James Pothen • June 13, 2024

EBay to accept Venmo

A week after dropping American Express, the online auctioneer said it will now accept payments through Venmo, a digital tool popular among Gen Z and millennials.

By Patrick Cooley • June 12, 2024